Ernest S. Rady - Dec 2, 2025 Form 4 Insider Report for American Assets Trust, Inc. (AAT)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Adam Wyll, Attorney-in-fact
Stock symbol: AAT
Transactions as of: Dec 2, 2025
Transactions value $: $0
Form type: 4
Date filed: 12/4/2025, 04:44 PM
Previous filing: Dec 5, 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
RADY ERNEST S	Executive Chairman, Director, 10%+ Owner	C/O AMERICAN ASSETS TRUST, INC., 3420 CARMEL MOUNTAIN ROAD, SUITE 100, SAN DIEGO	/s/ Adam Wyll, Attorney-in-fact	2025-12-04	0001221359

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AAT	Common Stock, par value $0.01	Disposed to Issuer	$0	-2.78K	-2.56%	$0.00	106K	Dec 2, 2025	Direct	F1
holding	AAT	Common Stock, par value $0.01						7.83M	Dec 2, 2025	By ERT	F2
holding	AAT	Common Stock, par value $0.01						2.27M	Dec 2, 2025	By AAI	F3
holding	AAT	Common Stock, par value $0.01						1.28M	Dec 2, 2025	By ICW	F4
holding	AAT	Common Stock, par value $0.01						1.01M	Dec 2, 2025	By RF	F5
holding	AAT	Common Stock, par value $0.01						200K	Dec 2, 2025	By EIC	F6
holding	AAT	Common Stock, par value $0.01						100K	Dec 2, 2025	By ESRT	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Amount includes (a) 66,680 shares held by Ernest Rady IRA and (b) 38,876 shares directly held.
F2	Represents shares held by Ernest Rady Trust U/D/T March 10, 1983 ("ERT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F3	Represents shares held by American Assets, Inc. ("AAI"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F4	Represents shares held by Insurance Company of the West ("ICW"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F5	Represents shares held by Rady Foundation ("RF"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F6	Represents shares held by Explorer Insurance Company ("EIC"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F7	Represents shares held by Evelyn Shirley Rady Trust U/D/T March 10, 1983 ("ESRT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.